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The Almighty Buck

Was Microsoft Forced To Pay $136M In Back Taxes In China? 30

Posted by samzenpus
from the pay-up dept.
itwbennett writes China's state-controlled Xinhua News Agency said on Sunday that an unnamed international company was forced to pay 840 million yuan ($136 million) in back taxes, as part of a Chinese government crackdown on tax evasion. The Xinhua article simply referred to it as the "M company," describing it as a top 500 global firm headquartered in the U.S. that in 1995 set up a wholly owned foreign subsidiary in Beijing. The details match Microsoft's own background, and no other company obviously fits the bill. Xinhua added, that despite the company's strengths, its subsidiary in China had not been not making a profit, and posted a loss of over $2 billion during a six-year period.
Ruby

Is Ruby On Rails Losing Steam? 176

Posted by Soulskill
from the only-among-left-handed-geriatric-haberdashers dept.
itwbennett writes: In a post last week, Quartz ranked the most valuable programming skills, based on job listing data from Burning Glass and the Brookings Institution. Ruby on Rails came out on top, with an average salary of $109,460. And that may have been true in the first quarter of 2013 when the data was collected, but "before you run out and buy Ruby on Rails for Dummies, you might want to consider some other data which indicate that Rails (and Ruby) usage is not trending upwards," writes Phil Johnson. He looked at recent trends in the usage of Ruby (as a proxy for Rails usage) across MS Gooroo, the TIOBE index, the PYPL index, Redmonk's language rankings, and GitHut and found that "demand by U.S. employers for engineers with Rails skills has been on the decline, at least for the last year."
Medicine

Canada's Ebola Vaccine Nets Millions For Tiny US Biotech Firm 62

Posted by Soulskill
from the all-fun-and-games-until-somebody-loses-several-internal-organs dept.
Anita Hunt (lissnup) writes: Iowa-based NewLink Genetics has secured a US$50million deal with pharmaceutical giant Merck for the experimental Ebola vaccine developed by Canadian government scientists. NewLink bought the exclusive commercial licensing rights to Canada's VSV-EBOV in 2010 with a milestone payment of just US$205,000. This is an interesting new twist in a story we've discussed previously, and which continues to draw media attention.
Supercomputing

NSF Commits $16M To Build Cloud-Based and Data-Intensive Supercomputers 28

Posted by Soulskill
from the petaflops-for-megabucks dept.
aarondubrow writes: As supercomputing becomes central to the work and progress of researchers in all fields, new kinds of computing resources and more inclusive modes of interaction are required. The National Science Foundation announced $16M in awards to support two new supercomputing acquisitions for the open science community. The systems — "Bridges" at the Pittsburgh Supercomputing Center and "Jetstream," co-located at the Indiana University Pervasive Technology Institute and The University of Texas at Austin's Texas Advanced Computing Center — respond to the needs of the scientific computing community for more high-end, large-scale computing resources while helping to create a more inclusive computing environment for science and engineering. Reader 1sockchuck adds this article about why funding for the development of supercomputers is more important than ever: America's high-performance computing (HPC) community faces funding challenges and growing competition from China and other countries. At last week's SC14 conference, leading researchers focused on outlining the societal benefits of their work, and how it touches the daily lives of Americans. "When we talk at these conferences, we tend to talk to ourselves," said Wilf Pinfold, director of research and advanced technology development at Intel Federal. "We don't do a good job communicating the importance of what we do to a broader community." Why the focus on messaging? Funding for American supercomputing has been driven by the U.S. government, which is in a transition with implications for HPC funding. As ComputerWorld notes, climate change skeptic Ted Cruz is rumored to be in line to chair a Senate committee that oversees NASA and the NSF.
Data Storage

Is LTO Tape On Its Way Out? 257

Posted by Soulskill
from the IT-no-longer-caught-on-tape dept.
storagedude writes: With LTO media sales down by 50% in the last six years, is the end near for tape? With such a large installed base, it may not be imminent, but the time is coming when vendors will find it increasingly difficult to justify continued investment in tape technology, writes Henry Newman at Enterprise Storage Forum.

"If multiple vendors invest in a technology, it has a good chance of winning over the long haul," writes Newman, a long-time proponent of tape technology. "If multiple vendors have a technology they're not investing in, it will eventually lose over time. Of course, over time market requirements can change. It is these interactions that I fear that are playing out in the tape market."
The Almighty Buck

Conglomerate Rock From Mars: (Much) More Precious Than Gold 64

Posted by timothy
from the not-to-mention-the-worth-of-the-nougat dept.
An anonymous reader writes It's the oldest rock on Earth--and it's from Mars. A 4.4-billion-year-old martian meteorite, found in a dozen pieces in the western Sahara, has ignited a frenzy among collectors and scientists; prices have reached $10,000 a gram, and museums and universities are vying for slivers of it. It is the only known martian meteorite made of sediment, a conglomerate of pebbles and other clumps of minerals from when the planet was warm, wet, and possibly habitable. The story of the discovery of the rock and its significance is fascinating, as well as the details presented about the economics of rare space materials. Apropos, this older story about missing moon rocks.
Space

Spaceport America Loses $1.7 Million Due To Virgin Galactic Delays 46

Posted by samzenpus
from the stop-the-bleeding dept.
An anonymous reader writes "Officials of New Mexico's Spaceport Authority were grilled by lawmakers about the now vacant Spaceport America following the deadly crash of Virgin Galactic's SpaceShipTwo. The spaceport was built as a hub for commercial space flights. Its immediate future is uncertain since Virgin Galactic has indefinitely pushed back the launch date of its space tourism flights. From the article: "Christine Anderson, the authority's executive director, learned last week that she might have to do so one legislator at a time. Anderson was called out by Rep. Patricia Lundstrom, D-Gallup, for handing members of an interim legislative finance committee a presentation filled mostly with photographs. Lundstrom and other lawmakers wanted hard numbers and more details about what plan the authority has to get past the Virgin Galactic mishap and get the taxpayer-financed spaceport off the ground. 'It just made all of us look like idiots, like we don't do our homework,' Anderson said. 'That's not the case whatsoever.'"
The Almighty Buck

How "Big Ideas" Are Actually Hurting International Development 91

Posted by Soulskill
from the we-can-cure-cancer-if-everyone-in-the-world-jumps-at-the-same-time dept.
schnell writes: The New Republic is running a fascinating article that analyzes the changing state of foreign development. Tech entrepreneurs and celebrities are increasingly realizing the inefficiencies of the old charitable NGO-based model of foreign aid, and shifting their support to "disruptive" new ideas that have been demonstrated in small experiments to deliver disproportionately beneficial results. But multiple studies now show that "game changing" ideas that prove revolutionary in limited studies fail to prove effective at scale, and are limited by a simple and disappointing fact: no matter how revolutionary your idea is, whether it works or not is wholly dependent on 1.) the local culture and circumstances, and 2.) who is implementing the program.
The Military

Ukraine's IT Brigade Supports the Troops 140

Posted by Soulskill
from the revenge-of-the-nerds dept.
An anonymous reader sends this story from BusinessWeek: Eight months ago, David Arakhamiya was running a small IT company in the southern Ukrainian city of Mykolayiv. Today, as an adviser to Ukraine’s defense minister, he oversees a massive crowdfunding effort that since March has raised about $300 million from ordinary citizens. The money is being used to equip Ukraine’s army with everything from uniforms, water, and other basic supplies to high-tech gear such as reconnaissance drones. Yaroslav Markevich, another IT entrepreneur with a small company in Kharkiv, once a Soviet hub for aviation technology, presented a plan to the commander of one Ukrainian battalion to create a drone unit after hearing stories about the efficiency of Russian drones. The commander said yes, and by the time his battalion was deployed early this summer, it was the only one in the army equipped with a fleet of short- and long-range drones. ... IT experts across Ukraine have been an important part of the volunteer effort to supply the army with equipment.
Android

Indian Brick-and-Mortar Retailers Snub Android One Phones 53

Posted by timothy
from the but-fellas-our-plans-changed dept.
oyenamit writes Online shopping in India is still in its infancy but is growing tremendously to reach the mostly untapped market of 1.2 billion people. Invariably, the conflict between pure online retailers like Amazon and Flipkart and brick and mortar stores was bound to emerge. Unfortunately for Google's Android One, it has been on the receiving end of this friction. Leading brick and mortar retailers in India have refused to sell Android One handsets ever since the US company chose to launch its products exclusively online. The three Android One makers in India — Micromax, Karbonn and Spice — launched their handsets exclusively online in mid-September. When sales did not meet their expectations, they decided to release their products via the brick and mortar store channel. However, smaller retailer and mom-n-pop shops have decided to show their displeasure at having being left out of the launch by deciding not to stock Android One. The Android One phones, announced at the most recent Google I/O, are Google's attempt to bring stock Android (as on Google's Nexus devices) to emerging markets, with competent but not high-end phones.
Mozilla

Mozilla's 2013 Report: Revenue Up 1% To $314M; 90% From Google 161

Posted by timothy
from the that's-money-alright dept.
An anonymous reader writes Mozilla has released its annual financial report for 2013, and the numbers hint as to why the organization signed a five-year deal with Yahoo, announced by the duo on November 19. Revenue increased just 1 percent, and the organization's reliance on Google stayed flat at 90 percent. The total revenue for the Mozilla Foundation and its subsidiaries in 2011 was $163 million, and it increased 90.2 percent to $311 million for 2012. Yet that growth all but disappeared last year, as the total revenue moved up less than 1 percent (0.995 percent to be more precise) to $311 million in 2013. 85 percent of Mozilla's revenue came from Google in 2011, and that figure increased to 90 percent in 2012. While the 90 percent number remained for 2013, it's still a massive proportion and shows Mozilla last year could not figure out a way to differentiate where its money comes from.
Advertising

Google Launches Service To Replace Web Ads With Subscriptions 306

Posted by Soulskill
from the what-everyone-says-they-want-but-nobody-actually-wants dept.
An anonymous reader writes: Everyone understands by now that ads fund most of the sites on the web. Other sites have put up paywalls or started subscription bonuses, with varying success. Google, one of the web's biggest ad providers, saw a problem with that: it's a huge pain for readers to manage subscriptions for all the sites they visit — often more trouble than it's worth. And, since so few people sign up, the subscription fees have to be pretty high. Now, Google has launched a service called Contributor to try to fix this situation.

The way Contributor works is this: websites and readers can opt in to the service (and sites like Imgur, The Onion, and ScienceDaily already have). Readers then pay a fee of $1-3 per month (they get to choose how much) to gain ad-free access to all participating sites. When the user visits one of the sites, instead of showing a Google ad, Google will just send a small chunk of that subscription money to the website instead.
The Courts

Harvard Students Move Fossil Fuel Stock Fight To Court 203

Posted by samzenpus
from the don't-take-the-law-into-your-own-hands-you-take-them-to-court dept.
mdsolar writes A group of Harvard students, frustrated by the university's refusal to shed fossil fuel stocks from its investment portfolios, is looking beyond protests and resolutions to a new form of pressure: the courts. The seven law students and undergraduates filed a lawsuit on Wednesday in Suffolk County Superior Court in Massachusetts against the president and fellows of Harvard College, among others, for what they call "mismanagement of charitable funds." The 11-page complaint, with 167 pages of supporting exhibits, asks the court to compel divestment on behalf of the students and "future generations."
PlayStation (Games)

Customers Creating Fake Amazon Pages To Get Cheap Electronics At Walmart 284

Posted by samzenpus
from the match-this-price dept.
turkeydance writes People are reportedly creating fake Amazon pages to show fake prices on electronics and other items. In the most heavily publicized cases, Walmart was reportedly duped into selling $400 PlayStation 4 consoles for under $100. From the article: "The company announced on Nov. 13 that it would price-match select online retailers, including Amazon.com. However, any Amazon member with a registered selling account can create authentic looking pages and list items 'for sale' online. Consumers need only take a screen capture of the page and show it to a cashier at checkout in order to request the price match."
Australia

UNSW Has Collected an Estimated $100,000 In Piracy Fines Since 2008 98

Posted by timothy
from the quasi-private-justice dept.
Jagungal (36053) writes The SMH reports that The University of NSW says it has issued 238 fines estimated to total around $100,000 - to students illicitly downloading copyright infringing material such as movies and TV shows on its Wi-Fi network since 2008. The main issues are that the University is not returning any money to the copyright holders but is instead using the money raised for campus facilities and that it is essentially enforcing a commonwealth law.
Bitcoin

Tracking a Bitcoin Thief, Part II: Illustrating the Issue of Trust In Altcoins 46

Posted by timothy
from the sometimes-the-good-guys-win dept.
An anonymous reader writes The team over at the BITCOMSEC (Bitcoin Community Security) project released a second part to their 'Tracking a Bitcoin Thief' series in which they disclose what happened to a once-rising alternate crypto currency project that promised to place guaranteed value of its MidasCoins by backing it with actual Gold. Dealing with the reality of user compromise, the projects founder ups and runs away with all of the communities coins; cashing them out at an exchange for Bitcoins. A sobering tale of trust issues within the alternate crypto currency community. (The first part is interesting, too.)
The Courts

US Gov't Seeks To Keep Megaupload Assets Because Kim Dotcom Is a Fugitive 171

Posted by timothy
from the them-as-has-gits-by-law dept.
mrspoonsi writes with this excerpt from Billboard: 'On Tuesday, the U.S. Department of Justice told a Virginia federal judge that Kim Dotcom and cohorts have no business challenging the seizure of an estimated $67 million in assets because the Megaupload founder is evading prosecution. The government brought criminal charges against Dotcom in early 2012, but he's been holed up in New Zealand awaiting word on whether he'll be extradited. The government got antsy and this past July, brought a civil complaint for forfeiture in rem, a maneuver to firmly establish a hold over money from bank accounts around the world, luxury cars, big televisions, watches, artwork and other property allegedly gained by Megaupload in the course of crimes. Dotcom is fighting the seizures by questioning the government's basis for asserting a crime, saying "there is no such crime as secondary criminal copyright infringement," as well as challenging how the seized assets are tied to the charges against Dotcom. But according to the U.S. government, Dotcom doesn't get the pleasure of even making the arguments. In a motion to strike, the government cites the doctrine of fugitive disentitlement, which bars a person from using the resources of the court if that person is aware of prosecution and is evading it.
United States

US Intelligence Unit Launches $50k Speech Recognition Competition 62

Posted by samzenpus
from the unseen-mechanized-ear dept.
coondoggie writes The $50,000 challenge comes from researchers at the Intelligence Advanced Research Projects Activity (IARPA), within the Office of the Director of National Intelligence. The competition, known as Automatic Speech recognition in Reverberant Environments (ASpIRE), hopes to get the industry, universities or other researchers to build automatic speech recognition technology that can handle a variety of acoustic environments and recording scenarios on natural conversational speech.
The Almighty Buck

Blowing On Money To Tell If It Is Counterfeit 112

Posted by samzenpus
from the huff-and-puff dept.
HughPickens.com writes Scientific American reports that simply breathing on money could soon reveal if it's the real deal or counterfeit thanks to a photonic crystal ink developed by Ling Bai and Zhongze Gu and colleagues at Southeast University in Nanjing, China that can produce unique color changing patterns on surfaces with an inkjet printer system which would be extremely hard for fraudsters to reproduce. The ink mimics the way Tmesisternus isabellae – a species of longhorn beetle – reversibly switches its color from gold to red according to the humidity in its environment. The color shift is caused by the adsorption of water vapor in their hardened front wings, which alters the thickness and average refractive index of their multilayered scales. To emulate this, the team made their photonic crystal ink using mesoporous silica nanoparticles, which have a large surface area and strong vapor adsorption capabilities that can be precisely controlled. The complicated and reversible multicolor shifts of mesoporous CPC patterns are favorable for immediate recognition by naked eyes but hard to copy. "We think the ink's multiple security features may be useful for antifraud applications," says Bai, "however we think the technology could be more useful for fabricating multiple functional sensor arrays, which we are now working towards."
The Courts

Court Shuts Down Alleged $120M Tech Support Scam 129

Posted by samzenpus
from the shutting-it-down dept.
wiredmikey writes A federal court has temporarily shut down and frozen the assets of two telemarketing operations accused by the FTC of scamming customers out of more than $120 million by deceptively marketing computer software and tech support services. According to complaints filed by the FTC, since at least 2012, the defendants used software designed to trick consumers into believing there were problems with their computers and then hit them with sales pitches for tech support products and services to fix their machines.

According to the FTC, the scams began with computer software that claimed to improve the security or performance of the customer's computer. Typically, consumers downloaded a free, trial version of the software that would run a computer system scan. The scan always identified numerous errors, whether they existed or not. Consumers were then told that in order to fix the problems they had to purchase the paid version of the software for between $29 and $49. In order to activate the software after the purchase, consumers were then directed to call a toll-free number and connected to telemarketers who tried to sell them unneeded computer repair services and software, according to the FTC complaint. The services could cost as much as $500, the FTC stated.

As in certain cults it is possible to kill a process if you know its true name. -- Ken Thompson and Dennis M. Ritchie

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